Chicago Atlantic Real Estate Finance (REFI) director awarded 6,324 shares

Rhea-AI Filing Summary

Konigsberg Brandon reported acquisition or exercise transactions in this Form 4 filing.

Chicago Atlantic Real Estate Finance director Brandon Konigsberg received a stock award, increasing his direct holdings. On April 20, 2026, he was granted 6,324 restricted shares of common stock under the company’s 2021 Omnibus Incentive Plan at no cash cost. These restricted shares will vest over a one-year period according to the award terms. Following this grant, he directly owns 33,870 shares of the company’s common stock.

Insider Trade Summary

Net Buyer: 6,324 shares

Net Buy 1 txn

Insider Konigsberg Brandon

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,324	$0.00	$0.00

Holdings After Transaction: Common Stock — 33,870 shares (Direct)

Footnotes (1)

1. F1. On April 20, 2026, Mr. Konigsberg was awarded 6,324 restricted shares of common stock under the Chicago Atlantic Real Estate Finance, Inc. 2021 Omnibus Incentive Plan. Pursuant to the terms of the award agreement, the 6,324 restricted shares of common stock will vest over a one-year period.

Key Figures

Restricted stock grant: 6,324 shares Grant price: $0.00 per share Post-grant holdings: 33,870 shares +1 more

4 metrics

Restricted stock grant 6,324 shares Awarded on April 20, 2026 under 2021 Omnibus Incentive Plan

Grant price $0.00 per share Reported transaction price for restricted stock award

Post-grant holdings 33,870 shares Total common shares directly owned after the award

Vesting period One year Restricted shares vest over a one-year period per award terms

Key Terms

restricted shares, 2021 Omnibus Incentive Plan, vest, Form 4

4 terms

restricted shares financial

"Mr. Konigsberg was awarded 6,324 restricted shares of common stock"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

2021 Omnibus Incentive Plan financial

"under the Chicago Atlantic Real Estate Finance, Inc. 2021 Omnibus Incentive Plan"

vest financial

"the 6,324 restricted shares of common stock will vest over a one-year period"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/22/2026 - 09:31 PM Learn about SEC filing dates

FAQ

What did Chicago Atlantic Real Estate Finance (REFI) director Brandon Konigsberg report on this Form 4?

Brandon Konigsberg reported receiving 6,324 restricted shares of Chicago Atlantic Real Estate Finance common stock. The shares were granted as equity compensation under the 2021 Omnibus Incentive Plan and did not involve an open-market purchase or sale of stock.

How many Chicago Atlantic Real Estate Finance (REFI) shares were granted to Brandon Konigsberg?

He was granted 6,324 restricted shares of common stock. These shares were awarded as part of his director compensation and are subject to vesting conditions set out in the 2021 Omnibus Incentive Plan award agreement.

What is the vesting schedule for Brandon Konigsberg’s 6,324 restricted REFI shares?

The 6,324 restricted shares will vest over a one-year period. This means the shares become fully owned by him progressively or at the end of that year, as detailed in the related award agreement.

Did Brandon Konigsberg buy or sell Chicago Atlantic Real Estate Finance (REFI) stock on the market?

No, this Form 4 reflects an equity grant, not a market trade. The 6,324 restricted shares were awarded at a reported price of $0.00 per share as compensation, rather than being purchased or sold in the open market.

How many Chicago Atlantic Real Estate Finance (REFI) shares does Brandon Konigsberg own after this grant?

After the grant, he directly owns 33,870 shares of common stock. This total includes the newly awarded 6,324 restricted shares, which remain subject to the one-year vesting schedule under the 2021 Omnibus Incentive Plan.

Under which plan were the 6,324 restricted REFI shares granted to Brandon Konigsberg?

The restricted shares were granted under the Chicago Atlantic Real Estate Finance, Inc. 2021 Omnibus Incentive Plan. This plan provides for equity-based awards, such as restricted stock, as part of compensation for directors and other eligible participants.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Konigsberg Brandon

(Last) (First) (Middle)

CHICAGO ATLANTIC REAL ESTATE FINANCE INC

1680 MICHIGAN AVENUE, SUITE 700

(Street)

MIAMI BEACH FLORIDA 33139

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Chicago Atlantic Real Estate Finance, Inc. [ REFI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/20/2026		A		6,324	A	$0.00	33,870(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On April 20, 2026, Mr. Konigsberg was awarded 6,324 restricted shares of common stock under the Chicago Atlantic Real Estate Finance, Inc. 2021 Omnibus Incentive Plan. Pursuant to the terms of the award agreement, the 6,324 restricted shares of common stock will vest over a one-year period.

	/s/ Brandon Konigsberg	04/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)